Welcome to our dedicated page for Western Asset Intermediate Muni Fund news (Ticker: SBI), a resource for investors and traders seeking the latest updates and insights on Western Asset Intermediate Muni Fund stock.
Western Asset Intermediate Muni Fund, Inc. (symbol: SBI) is a diversified closed-end management investment company. The primary goal of this fund is to deliver a high level of current income that is exempt from Federal income taxes, providing investors with a tax-advantaged investment option. Managed by Franklin Templeton following the merger with Legg Mason, the fund leverages the extensive experience and expertise of its management team to strategically invest in intermediate-term municipal securities.
Western Asset Intermediate Muni Fund, Inc. focuses on intermediate-term municipal bonds with a careful selection process aimed at optimizing returns while minimizing risk. The fund's diversified portfolio includes bonds that are of high quality and are expected to perform well in various market conditions. Investors benefit from the team's rigorous research and active management strategies, which are designed to adapt to changing economic and market environments.
Recent achievements of Western Asset Intermediate Muni Fund, Inc. include maintaining a consistent distribution of tax-free income to its shareholders, demonstrating financial stability and effective fund management. The fund continuously monitors its holdings and makes adjustments to capitalize on market opportunities while protecting against potential risks. Partnerships with other financial entities and institutions enhance the fund's capabilities and market reach.
In line with its commitment to transparency and investor engagement, Western Asset Intermediate Muni Fund, Inc. ensures that shareholders are well-informed about the fund’s performance, current projects, and financial condition. Regular updates and detailed reports are provided, offering insights into the fund's strategic direction and market outlook.
For the most up-to-date information and insights about Western Asset Intermediate Muni Fund, Inc., investors are encouraged to follow Franklin Templeton’s social media channels and official website. This ongoing communication helps investors stay informed about any new developments, performance updates, or changes in the fund’s strategies.
Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) has released its financial position as of August 31, 2024. The Fund reported total assets of $175,573,564 and total net assets of $126,564,146. The NAV per share stood at $8.99, while the market price was $8.06, representing a discount of 10.34%. The Fund experienced a total net investment income of $1,342,249 and total net realized/unrealized gain of $3,502,233. The net increase in assets from operations was $4,439,108, with earnings per common share at $0.32.
Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) disclosed its financial status as of February 29, 2024, revealing total assets of $175,430,065 and total net assets of $127,241,370. The NAV per share of common stock stood at $9.04, with market price per share at $7.89. The fund reported a total net investment income of $1,301,630 and a net increase in net assets from operations of $3,887,678. Undistributed net investment income was noted at $805,173. Key financial metrics illustrate the fund's performance in the specified timeframe.
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